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Equity and Noncontrolling Interests
 6 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Equity and Noncontrolling Interests
Equity and Noncontrolling Interests

Other comprehensive income includes activity relating to discontinued operations. The following schedules present changes in consolidated equity attributable to Johnson Controls and noncontrolling interests (in millions, net of tax):
    
 
Three Months Ended March 31, 2020
 
Three Months Ended March 31, 2019
 
Equity
Attributable to
Johnson Controls International plc
 
Equity
Attributable to
Noncontrolling
Interests
 
Total
Equity
 
Equity
Attributable to
Johnson Controls International plc
 
Equity
Attributable to
Noncontrolling
Interests
 
Total
Equity
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, December 31,
$
19,329

 
$
1,102

 
$
20,431

 
$
20,102

 
$
1,305

 
$
21,407

Total comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Net income
213

 
23

 
236

 
515

 
43

 
558

Foreign currency translation adjustments
(471
)
 
(23
)
 
(494
)
 
114

 
3

 
117

Realized and unrealized gains (losses) on derivatives
(10
)
 
—

 
(10
)
 
14

 
3

 
17

    Other comprehensive income (loss)
(481
)
 
(23
)
 
(504
)
 
128

 
6

 
134

Comprehensive income (loss)
(268
)
 
—

 
(268
)
 
643

 
49

 
692

 
 
 
 
 
 
 
 
 
 
 
 
Other changes in equity:
 
 
 
 
 
 
 
 
 
 
 
Cash dividends—ordinary shares
(194
)
 
—

 
(194
)
 
(235
)
 
—

 
(235
)
Dividends attributable to noncontrolling interests
—

 
(98
)
 
(98
)
 
—

 
(89
)
 
(89
)
Repurchases and retirements of ordinary shares
(816
)
 
—

 
(816
)
 
(533
)
 
—

 
(533
)
Other, including options exercised
33

 
—

 
33

 
59

 
—

 
59

Ending balance, March 31,
$
18,084

 
$
1,004

 
$
19,088

 
$
20,036

 
$
1,265

 
$
21,301


 
Six Months Ended March 31, 2020
 
Six Months Ended March 31, 2019
 
Equity
Attributable to
Johnson Controls International plc
 
Equity
Attributable to
Noncontrolling
Interests
 
Total
Equity
 
Equity
Attributable to
Johnson Controls International plc
 
Equity
Attributable to
Noncontrolling
Interests
 
Total
Equity
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, September 30,
$
19,766

 
$
1,063

 
$
20,829

 
$
21,164

 
$
1,294

 
$
22,458

Total comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
Net income
372

 
55

 
427

 
870

 
87

 
957

Foreign currency translation adjustments
(220
)
 
(13
)
 
(233
)
 
(13
)
 
12

 
(1
)
Realized and unrealized gains (losses) on derivatives
(5
)
 
2

 
(3
)
 
15

 
4

 
19

Pension and postretirement plans
(1
)
 
—

 
(1
)
 
—

 
—

 
—

    Other comprehensive income (loss)
(226
)
 
(11
)
 
(237
)
 
2

 
16

 
18

Comprehensive income
146

 
44

 
190

 
872

 
103

 
975

 
 
 
 
 
 
 
 
 
 
 
 
Other changes in equity:
 
 
 
 
 
 
 
 
 
 
 
Cash dividends—ordinary shares
(395
)
 
—

 
(395
)
 
(475
)
 
—

 
(475
)
Dividends attributable to noncontrolling
     interests
—

 
(103
)
 
(103
)
 
—

 
(132
)
 
(132
)
Repurchases and retirements of ordinary shares
(1,467
)
 
—

 
(1,467
)
 
(1,000
)
 
—

 
(1,000
)
Adoption of ASC 606
—

 
—

 
—

 
(45
)
 
—

 
(45
)
Adoption of ASU 2016-16
—

 
—

 
—

 
(546
)
 
—

 
(546
)
Adoption of ASC 842
(5
)
 
—

 
(5
)
 
—

 
—

 
—

Other, including options exercised
39

 
—

 
39

 
66

 
—

 
66

Ending balance, March 31,
$
18,084

 
$
1,004

 
$
19,088

 
$
20,036

 
$
1,265

 
$
21,301


During the quarter ended December 31, 2018, the Company adopted ASC 606, "Revenue from Contracts with Customers." As a result, the Company recorded $45 million to beginning retained earnings, which relates primarily to deferred revenue recorded for the Power Solutions business for certain battery core returns that represent a material right provided to customers.

During the quarter ended December 31, 2018, the Company adopted ASU 2016-16, "Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other Than Inventory." As a result, the Company recognized deferred taxes of $546 million related to the tax effects of all intra-entity sales of assets other than inventory on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of October 1, 2018.

For the three and six months ended March 31, 2020, the Company repurchased and retired $816 million and $1,467 million of its ordinary shares, respectively. For the three and six months ended March 31, 2019, the Company repurchased $533 million and $1 billion of its ordinary shares, respectively, which were retired in the fourth quarter of fiscal 2019. As of March 31, 2020, approximately $3.1 billion remains available under the share repurchase program. In order to enhance liquidity resources in response to business uncertainty related to the COVID-19 pandemic, in March 2020 the Company made the decision to suspend its share repurchase program.

The following schedules present changes in accumulated other comprehensive income ("AOCI") attributable to Johnson Controls (in millions, net of tax):
 
Three Months Ended
March 31,
 
2020
 
2019
 
 
 
 
Foreign currency translation adjustments ("CTA")
 
 
 
Balance at beginning of period
$
(534
)
 
$
(1,066
)
Aggregate adjustment for the period (net of tax effect of $0 and $0)
(471
)
 
114

Balance at end of period
(1,005
)
 
(952
)
 
 
 
 
Realized and unrealized gains (losses) on derivatives
 
 
 
Balance at beginning of period
3

 
(12
)
Current period changes in fair value (net of tax effect of $(3) and $6)
(8
)
 
12

Reclassification to income (net of tax effect of $0 and $2) *
(2
)
 
2

Balance at end of period
(7
)
 
2

 
 
 
 
Pension and postretirement plans
 
 
 
Balance at beginning of period
(9
)
 
(2
)
Reclassification to income (net of tax effect of $0 and $0)
—

 
—

Balance at end of period
(9
)
 
(2
)
 
 
 
 
Accumulated other comprehensive loss, end of period
$
(1,021
)
 
$
(952
)


 
Six Months Ended
March 31,
 
2020
 
2019
 
 
 
 
CTA
 
 
 
Balance at beginning of period
$
(785
)
 
$
(939
)
Aggregate adjustment for the period (net of tax effect of $0 and $0)
(220
)
 
(13
)
Balance at end of period
(1,005
)
 
(952
)
 
 
 
 
Realized and unrealized gains (losses) on derivatives
 
 
 
Balance at beginning of period
(2
)
 
(13
)
Current period changes in fair value (net of tax effect of $(1) and $4)
(3
)
 
8

Reclassification to income (net of tax effect of $0 and $3) *
(2
)
 
7

Balance at end of period
(7
)
 
2

 
 
 
 
Realized and unrealized gains (losses) on marketable securities
 
 
 
Balance at beginning of period
—

 
8

Adoption of ASU 2016-01 **
—

 
(8
)
Balance at end of period
—

 
—

 
 
 
 
Pension and postretirement plans
 
 
 
Balance at beginning of period
(8
)
 
(2
)
Reclassification to income (net of tax effect of $0 and $0)
(1
)
 
—

Balance at end of period
(9
)
 
(2
)
 
 
 
 
Accumulated other comprehensive loss, end of period
$
(1,021
)
 
$
(952
)


* Refer to Note 16, "Derivative Instruments and Hedging Activities," of the notes to consolidated financial statements for
disclosure of the line items in the consolidated statements of income affected by reclassifications from AOCI into income
related to derivatives.

** During the quarter ended December 31, 2018, the Company adopted ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." As a result, the Company reclassified $8 million of unrealized gains on marketable securities to retained earnings as of October 1, 2018.